Bloomberg: BoA Calls for U.S./Chinese Economic Divorce

According to Bloomberg, Bank of America says a ‘great divorce’ between the economies of the U.S. and China — the two largest economies of the world — will fuel global currency and rates markets in 2016.

Bloomberg reported, according to statement from Bank of America’s head of global rates, that a pivotal question for the U.S. economy right now is not whether the U.S. can live with higher interest rates, but whether China’s economy can handle a rate increase.